no its not, insurance companies cannot state that they do not cover national disasters in those type of insurances, they can sell other type of insurances, but those are not backed by the state hence socialism, the insurance companies pay, but the state (and thus all the other people in our country unaffected) help pay as well (but on average significantly less compared to the insurance companies even if big natural disaster)
its called "brandverzekering", basically translates to fire insurance, but means much much more then just insurance against fire (includes water damage, wind, stealing, etc etc) its a grouping of insurances with strict regulations including the natural disaster regulation i told about
well thats a special type of insurance then. im quite certain that there is plenty of other types of insurances in your country which doesnt cover all those criterias. it's very common that several diffrent types excist.
<WARNING!!! SHOCKING IMAGES OF THE AFTERMATH BELOW - NOT SUITABLE FOR THE FAINT HEARTED> http://dl.dropbox.com/u/4137371/torn_to_pieces.jpg http://dl.dropbox.com/u//4137371/floating_in_the_water.jpg
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